Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

Airlines in the Philippines

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Executive Summary

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PROSPECTS

Government’s massive airport projects

The Philippine government has been pushing massive construction of infrastructure projects simultaneously under the Duterte administration’s “Build Build Build” programme. Construction and planning of toll roads, railway networks, motorways, bridges, airports and power plants are accomplished and underway.

Local carriers gear up at a fast rate

Domestic flight grew strongly in 2018, reaching approximately 25 million passengers, according to the CAB (Philippines Civil Aeronautics Board). The leading national carrier, Philippine Airlines, and AirAsia have been focusing on expansion at secondary airports such as Cebu and Clark.

Regional and domestic demand outpace supply

Growing inbound and outbound tourism in the Philippines resulted in surging demand for regional flights. International passenger traffic increased rapidly, driven primarily by the expansion of low-cost airlines within Asia Pacific.

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